NAMPAK Zimbabwe says all its business units traded profitably during the six months ended March 31, 2021, benefiting from sales volume increases driven by a stable exchange rate.
The ZWL$ has held steady against the US$ for close to six months, with inflation declining from 836 percent in July 2020 to 162 percent last month, and the reserve bank’s weekly foreign currency auction, introduced last June, has been credited for this “stability”.
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“The half year reflected an increase in volumes despite the Covid-19 restrictions that were reintroduced at the beginning of the year and which were lifted during April 2021,” the group’s managing director, John van Gend
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